Kita announces ability to insure companies in Australia

• Kita, the specialist carbon insurance company, is now authorised to insure companies in Australia, in addition to existing coverage for companies in the UK, USA, Canada, Switzerland, Singapore and EU/EEA. 

• This represents a further step in the company’s expansion strategy to help de-risk engagement across the global carbon markets.  

Lloyd’s of London coverholder, Kita, announces expansion to Australia, in addition to existing coverage for buyer/investors domiciled in the UK, USA, Canada, Switzerland, Singapore and EU/EEA.   

Kita’s strategic jurisdictional growth enables the company to reach global market participants. The expansion into Australia increases Kita’s presence through the APAC region, where carbon market activity is gaining momentum. 

Kita bridges the insurance and carbon markets, offering a bespoke suite of carbon insurance products and services that have been designed to meet the evolving risks and opportunities in the carbon markets. Insurance acts as a safeguard on carbon credit transactions in the event of a range of adverse outcomes while simultaneously signalling quality and security, thereby catalysing investment. With a reduction in risk, carbon solutions can access greater flows of consistent capital to scale their impact faster. 

Kita’s Managing Director of Insurance, James Kench says: "Australia is a key and growing sector in the carbon markets and Kita is delighted to bring our innovative insurance solutions to the region".